Maldives Records Sharpest Decline in Reserves Over Past 12 Months
The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the...
More Tax Hikes Coming: Government’s 2024 Medium Term Revenue Strategy
The Ministry of Finance will seek to increase the GST, green tax and telecom fees as well as import duties...
Fitch Downgrades Maldives’ Rating From B- to CCC+ Citing Worsening External Financing
Fitch Ratings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘. An IDR is an...
Saudi Fund Loans Provoke Fierce Debate at Parliament Committee
The current administration has taken out two loans totalling SAR 562.5 million (approximately US$150 million), earmarked for the development of...
Maldives, China Discuss Further Strengthening Trade Ties
Minister of Economic Development and Trade Mohamed Saeed, on his current visit to China to attend the World Economic Forum,...
Parliament Begins Debate on SDF Bill
Parliament has begun debating the Sovereign Development Fund (SDF) Bill. The legislation, proposed on 10 June, was introduced on behalf...
BML Revises USD Exchange Limits for Students
The Bank of Maldives (BML), with a view to address the decline in the availability of US dollars (USD) in...
Swimming Selections for Paris 2024 Confirmed; Maldives to Compete in Athletics, Badminton, Swimming and Table Tennis
Aishath Ulya Shaiq and Mohamed Aan Hussain have been selected to represent the Maldives in swimming at the Paris 2024...
Commercial Harbour To Be Operated by MPL: CEO Ibrahim
Maldives Ports Limited (MPL) will not outsource the operation of the commercial harbour, to be established at Thilafushi, but the...
Government to Provide Concessions, Assistance to Long-Undeveloped Resort Projects: Minister Faisal
The administration will provide concessions to those who will forfeit islands leased for tourism development where no work has been...
